Canadian labor market likely rebounded in August, jobless rate to have dropped to 5.6 pct

Sep 05, 2019 18:54 pm UTC| Commentary

Canadian labor market data for the month of August is set to release tomorrow. According to a TD Economics research report, the labor market is expected to have rebounded in the month, with the creation of 15k jobs...

U.S. non-farm payrolls likely moderated in August, jobless rate to have remained steady at 3.7 pct

Sep 05, 2019 18:34 pm UTC| Commentary

The U.S. non-farm payrolls data for the month of August is set to release tomorrow. According to a TD Economics research report, the payrolls are likely to have trended modestly lower to 145k in the month, following the...

Riksbank keeps repo rate on hold, hints at rate hike around end-2019

Sep 05, 2019 18:00 pm UTC| Commentary Central Banks

The Swedish central bank, Riksbank, kept the repo rate on hold at -0.25 percent, as was widely anticipated. The rate path was lowered, but the central bank continues to hint at a rate hike around the turn of the year. This...

U.S. factory orders rise sequentially in July on rise in non-defense aircraft orders

Sep 05, 2019 17:13 pm UTC| Commentary

U.S. factory orders rose in July. Sequentially, orders were up 1.4 percent, a rebound from the previous few months. While the out-turn was slightly above expectations of a rise of 1 percent, the composition of todays...

Euro area’s construction firms’ August activity declines for first time in nearly three years

Sep 05, 2019 16:17 pm UTC| Commentary

Construction firms in the euro area recorded their first decline in activity since October 2016 in August. The IHS Markit euro area construction PMI index dropped to 49.1 from Julys 50.6, hinting at the first contraction...

U.S. service sector’s activity loses momentum in August, PMI index falls to 50.7

Sep 05, 2019 14:22 pm UTC| Commentary

U.S. service sector recorded a loss of momentum in August, with business activity rising at the weakest rate since the current sequence of growth started in March 2016. The seasonally adjusted final IHS Markit U.S. Service...

German factory orders fall significantly in July, manufacturing likely to decline further in near term

Sep 05, 2019 13:18 pm UTC| Commentary

German incoming factory orders dropped considerably in July. On a sequential basis, factory orders dropped 2.7 percent, partially due to the comparatively early timing of the summer holidays, which had a more negative...